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Louis Wong
Louis is one of the most experienced fund managers in Hong Kong and has more than 25 years of solid experience in the financial markets. He employs a strict criteria for choosing his stocks, which is deeply insistent on having a thoughtful and sophisticated analysis of the company before making any investment decision. He is frequently featured across financial media platforms and have appeared on Bloomberg TV. Louis was also awarded the best financial analyst by Putonghua Channel of Radio Television Hong Kong for 3 years and is a well sought after investment expert. Apart from contributing articles to Shares Investment, Louis also writes frequently for other financial publications.

No. of Articles : 12
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2 Attractive HK Insurance Stocks After PBOC Rate Cuts

Last two weeks I talked about Chinese banking stocks and the challenges they are facing, such as weak earnings growth, deteriorating asset quality and narrowing net interest margins. In comparison to banking stocks, China’s insurance stocks have fewer woes to worry about.

  • 28 September 2015
  • Aspire, Thought Leaders
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    Chinese Commercial Banks Growing At 27.9% CAGR

    Last week I mentioned that China’s state-owned banks reported weak earnings growth in the first half of this year and the outlook for Chinese banking stocks remains challenging. Yet, there are always exceptions—some of China’s city commercial banks are still posting strong earnings growth and stable asset quality. One good example is Shengjing Bank (2066.HK) which was listed in Hong Kong last December. Headquartered in Shenyang, Liaoning Province, Shengjing Bank is the largest city commercial bank in terms of total assets and net profits in Northeast China. As of 30 June 2015, its total assets amounted to RMB 588.2 billion, representing an increase of 16.9 percent as compared to that at the end of last year.

  • 14 September 2015
  • Aspire, Thought Leaders
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    Why H Shares and A Shares “Grew Apart”

    The divergence in valuation between dual-listed companies in China and Hong Kong has widened again recently. The Hang Seng China AH Premium index, which measured the valuation gap, rose to 146.52 on 2 September, implying that the A shares of those dual-listed companies are trading at a 46.52 percent premium to the H shares. The divergence in valuation between AH shares of Chinese banking stocks also widened substantially in the last week. Take the Bank of China (BOC) as an example; its H shares dropped 4.8 percent between 26 August and 2 September, whiles its A shares rose 15.85 percent in the same period resulting in a 53.7 percent premium.

  • 07 September 2015
  • Aspire
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    Chinese Telcom Thriving Despite Stock Market Downturn

    During the recent selloff in the China and Hong Kong stock markets, Chinese telcom operators have shown resilience and have outperformed the broad market. For instance, the share price of China Telecom (0728.HK) remains almost unchanged month-to-date while China Mobile (0941.HK) and China Unicom (0762.HK) are down 8.7 percent and 5.1 percent respectively, while the blue-chip Hang Seng Index has plummeted 13.1 percent.

  • 27 August 2015
  • Aspire, Thought Leaders
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    China’s Sportswear Industry Getting Back in Shape

    Since 2011, China’s sportswear industry has been struggling with overproduction that resulted in heavy discounting to reduce inventory. Financial results of listed companies were adversely affected. Li-Ning(2331.HK), a leading sports brand that represents China worldwide, posted losses for the third consecutive year in 2014. Other listed companies such as ANTA Sports (2020.HK), Xtep International (1368.HK) and 361 Degrees (1361) reported weaker financial results in the last three years.

  • 10 August 2015
  • Aspire, Thought Leaders
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    TravelSky Technology Steadily Flying Along with Chinese Aviation

    Previously, I have talked about China’s aviation sector “taking flight”, as China Eastern Airlines (0670.HK) and China Southern Airlines (1055.HK) have both issued positive profit alert for the first half of 2015 due to robust demand in the civil aviation market. As Chinese airlines are expanding their fleet of aircraft and launching new routes, there is one company that will stand to benefit from it, and that is TravelSky Technology Limited (0696.HK).

  • 03 August 2015
  • Aspire, Hot Picks
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    China’s Aviation Sector Soaring High

    While China’s economy continues to slow down, there is at least one sector that manages to continue to grow steadily and that is the aviation sector. Two of China’s listed carriers, China Eastern Airlines (0670.HK) and China Southern Airlines (1055.HK), have issued positive profit alert. The former expects the net profit attributable to shareholders for the first half of 2015 to be RMB3.5 billion to RMB3.7 billion, representing an increase of 24,900 percent to 26,329 percent as compared to the corresponding period last year. The latter expects to turn around in the first half of 2015. Net profit attributable to shareholders is expected to be RMB3.4 billion to RMB3.6 billion as compared to the net loss of RMB 1.018 billion in the first half of last year. The reasons for estimated profits cited by both companies are: strong demand in the civil aviation market during the first half of 2015, low international crude oil prices and better cost control.

  • 27 July 2015
  • Aspire, Thought Leaders
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    Investing in Macau’s Casinos – A Good Game?

    Share prices of Macau gaming stocks, which have been under pressure for more than a year, seemed to have finally bottomed out. Take Galaxy Entertainment Group (0027.HK) as an example, its share price started to decline after peaking out at about HK$83 in January 2014 and fell to a recent low of HK$ 29.4, representing a 64.6 percent loss from its peak. But since then, its share price has rallied more than 20 percent. MGM China’s (2282.HK) share price rose even more sharply compared to Galaxy. It had rallied more than 37 percent from a recent low of HK$12.62, based on the closing price of HK$17.3 on 13 July.

  • 20 July 2015
  • Aspire, Thought Leaders
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    Chinese Banks Resilient Despite SHCOMP Slump

    China banking stocks are showing resilience amid the recent market selloff. The Shanghai Composite Index has plummeted nearly 30 percent from the recent high of 5178 seen on 12 June, whereas the drop in share prices of the four largest state-owned commercial banks, in the same corresponding period ranged from 5.3 percent to 9.6 percent.

  • 13 July 2015
  • Aspire, Investments, Thought Leaders
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    SHCOMP Slumped; Bear Market Now?

    The Chinese stock market continued to slide. The Shanghai Composite Index slumped 3.3 percent to close at 4053 this Monday, extending the loss from its peak of 5178 seen on June 12. A surprise interest rate and reserve-requirement ratio cut by the People’s Bank of China (PBOC) over the weekend failed to lift the market.

  • 06 July 2015
  • Aspire, Investments, Thought Leaders
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    HKEx To Soar With SZHKSC Roll-Out

    Following the roll out of the Shanghai-Hong Kong Stock connect (SHKSC), Hong Kong Exchange (HKEx) had started their preparations for an anticipated Shenzhen-Hong Kong Stock Connect (SZHKSC).

  • 29 June 2015
  • Aspire, Thought Leaders
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    The Future of SHKSC; Opportunities For Investors

    After surging 52.9% last year, the Shanghai Composite Index posted gains of about 26% in 2015 year to date. Margin loans of outstanding in Shanghai and Shenzhe reached 1.7 trillion yuan, two and a half times higher compared to six months ago.

  • 04 May 2015
  • Aspire, Thought Leaders
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